RusBankrot
We know everything about bankruptcy
21/04/2026
Tuesday
THIS DAY IN HISTORY:
21 April 
1970 Russia ratified the agreement on the complete cessation of nuclear tests
1970 Russia ratified the agreement on the complete cessation of nuclear tests
1970 Women in France received a right to vote
1970 Women in France received a right to vote
1970 The new capital of Siam, known as Bangkok, was founded
1970 The new capital of Siam, known as Bangkok, was founded
21 April
1970 Russia ratified the agreement on the complete cessation of nuclear tests
1970 Russia ratified the agreement on the complete cessation of nuclear tests
1970 Women in France received a right to vote
1970 Women in France received a right to vote
1970 The new capital of Siam, known as Bangkok, was founded
1970 The new capital of Siam, known as Bangkok, was founded
VELIKIYE LUKI MEAT PROCESSING PLANT IS THREATENED WITH BANKRUPTCY DUE TO A DEBT OF 258 MILLION
An insolvency claim has been filed against Velikiye Luki Meat Processing Plant. The company, which is one of the leaders in meat processing, faced claims from Armalex, which acquired the rights of claim from the company's partners.
A statement of intent to bankrupt the plant appeared on the Fedresurs portal on April 3. The amount of debt, confirmed by the decision of the arbitration in St. Petersburg, is 258.5 million rubles. This became the formal reason for launching the procedure.
But the position of the meat processing plant management is exactly the opposite. Director General Olga Kuzmina insists that when considering the case, interpretations of the contract are used that distort the original agreements of the parties. Moreover, the right to collect the debt, according to the top management, passed through a number of intermediaries, which casts doubt on the legality of the claims. The company itself is confident that the bankruptcy claim is nothing more than a lever of pressure before the cassation hearing. Representatives of Armalex retort, calling the situation an ordinary economic dispute.
Despite the loud statement, it will not be possible to launch the insolvency procedure right now. The cassation appeal of the plant itself has already been accepted by the court for production. Until it is reviewed, a bankruptcy case cannot be initiated. The first meeting on this issue is scheduled for June 11.
The financial picture of the company is heterogeneous. In 2024, revenue increased by almost 18%, reaching 55.95 billion rubles. At the same time, net profit sank to 2.28 billion. And the total debt has exceeded 50 billion, which makes it necessary to closely monitor the liquidity of assets.
The industry is also not encouraging. The profitability of meat processing is falling due to a sharp jump in costs. Experts note an increase in the cost of everything from raw materials (pork has risen in price by a quarter, beef – up to 26%, chicken – by 13%) and up to logistics, energy resources and salaries. At the same time, it is not possible to fully compensate for these expenses by increasing selling prices for finished products.
Even large market players are becoming sensitive to the debt burden. The company has already tried to optimize itself before. At the end of 2024, she closed her own retail network, and in early 2026, she put up for sale a Ferris wheel from the Divo-Ostrov park for 60 million. Market participants saw these steps as an attempt to adjust to tougher competition and growing financial pressure.
Photo: Freepik
A statement of intent to bankrupt the plant appeared on the Fedresurs portal on April 3. The amount of debt, confirmed by the decision of the arbitration in St. Petersburg, is 258.5 million rubles. This became the formal reason for launching the procedure.
But the position of the meat processing plant management is exactly the opposite. Director General Olga Kuzmina insists that when considering the case, interpretations of the contract are used that distort the original agreements of the parties. Moreover, the right to collect the debt, according to the top management, passed through a number of intermediaries, which casts doubt on the legality of the claims. The company itself is confident that the bankruptcy claim is nothing more than a lever of pressure before the cassation hearing. Representatives of Armalex retort, calling the situation an ordinary economic dispute.
Despite the loud statement, it will not be possible to launch the insolvency procedure right now. The cassation appeal of the plant itself has already been accepted by the court for production. Until it is reviewed, a bankruptcy case cannot be initiated. The first meeting on this issue is scheduled for June 11.
The financial picture of the company is heterogeneous. In 2024, revenue increased by almost 18%, reaching 55.95 billion rubles. At the same time, net profit sank to 2.28 billion. And the total debt has exceeded 50 billion, which makes it necessary to closely monitor the liquidity of assets.
The industry is also not encouraging. The profitability of meat processing is falling due to a sharp jump in costs. Experts note an increase in the cost of everything from raw materials (pork has risen in price by a quarter, beef – up to 26%, chicken – by 13%) and up to logistics, energy resources and salaries. At the same time, it is not possible to fully compensate for these expenses by increasing selling prices for finished products.
Even large market players are becoming sensitive to the debt burden. The company has already tried to optimize itself before. At the end of 2024, she closed her own retail network, and in early 2026, she put up for sale a Ferris wheel from the Divo-Ostrov park for 60 million. Market participants saw these steps as an attempt to adjust to tougher competition and growing financial pressure.
Photo: Freepik
10.04.2026
